Jeffrey Saut: I think the move toward energy independence is going to be huge. The latest figures show that we are producing 725,000 barrels a day out of the Bakken, but it's going to be over 1,000,000 barrels a day by the end of the year.

Here's the key, the resource we are currently drilling on in the Bakken is only 36 feet thick. But there is another resource underneath that called the 'Three Forks Resource' that's a staggering 4,000 feet thick. They expect it to contain over a stunning 7 billion barrels of oil.

But it's not just the Bakken, this is going on all over the country. So the move to energy independence is very, very bullish for America over the long-run."

We were wrong on peak oil. There's enough to fry us allA boom in oil production has made a mockery of our predictions.2 July 2012, by George Monbiot (The Guardian)http://www.guardian.co.uk/commentisfr...

The data (released by BP a company who have a vested interest in oil scarcity) don't agree. Proved reserves keep increasing.

Peak Oil Myth - Scam

65% Of the oil remains in the earth', According to Noe van Hulst, Secretary General of the International Energy Forum, even The Children of our children will not see the day that we no longer have use of oil because most of it stays in the ground.